bad credit

A lousy credit score does more than just reduce your chances of being approved for a loan to buy a home or credit card — it can determine your overall quality of life in several ways. Your credit score is the number that’s attached to your identity and ultimately determines how many experiences you’ll be able to have in life. It’s in your best interest to get your score up if it’s lower than fair.

The great news is that even when bringing your score up seems hopeless; you can always make positive changes through corrective behavior. If you’re trying to get your credit score up, then take a look at some of the best ways to do it. 

Pay Off Past Due Balances 

The first thing is first— it’s time to pay off anything that’s past due. The longer that you allow things to got worse, the more late fees that you’ll continue to stack up.  Since your payment history plays such a big role in your credit score, it’s important that you get all caught up. Remember, your late payment stays on your score for seven years, so make sure that you get rid of them as soon as possible. 

Don’t Apply For More Cards 

It’s not just a rumor that applying for new credit cards lowers your score. Each time a lender carries out a hard inquiry, it impacts your overall credit score. It’s important that you avoid applying for several cards around the same amount of time since it can red flag your account and make you look desperate for funds. In reality, having very few recently opened accounts makes lenders perceive you as financially stable. 

Monitor Your Credit Score 

Once you’re on the right track to start bringing your score up, you’ll need to make sure that you’re making progress. Repairing your credit starts with observing where your credit score is currently. There are three credit bureaus that have copies of your credit score and can all vary in value. 

There are many different apps that help you monitor all three of your credit reports as they stand. Any time there is a change, from an increase in your score to delinquency in your name, you’ll immediately get notified.   

Believe it or not, sometimes mistakes happen on credit reports. Closely looking through your credit report will reveal anything that is incorrect. Make sure that you follow up on any errors and dispute them. 

Hire a Credit Repair Specialist 

Sometimes you need to step over and let the professionals do their job.  A credit repair specialist can help you with the more complicated areas of credit repair, which may not be as easy to do on your own to settle the debt, however, with help we definitely can recover from this issue soon. If you have the money to pay someone else to do it for you, then it may be well worth it saving yourself the trouble. In no time, you’ll be well on your way to a solid 850!

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